At the end of 2025, Chilean Antofagasta Plc increased earnings before interest, taxes, depreciation and amortization (EBITDA) by one and a half times - to a record $5.202 billion compared to $3.427 billion a year earlier, the company reported.
The indicator coincided Antofagasta grew by 30% and reached $8.62 billion. This is due to both increased copper prices (by 18%), gold and molybdenum, and growth in sales.
Capital expenditures in 2025 amounted to $3.7 billion compared to $2.4 billion a year earlier. In 2026, the company plans them at the level of $3.4 billion. In 2027, further reductions in expenses are expected due to the completion of projects in development.
Antofagasta's net debt at the end of December amounted to $2.75 billion, increasing from $1.63 billion a year earlier. Experts predicted that debt would rise to about $3 billion.
The company declared a final dividend of 48 cents per share, bringing its total for the year to 64.6 cents.
Antofagasta cut its copper output by 3% last year. Gold production increased by 13% and amounted to 211.3 thousand ounces. Release of molybdenumflew by 48% - to 15.8 thousand tons.
Antofagasta still expects that in 2026 copper production will be in the range of 650-700 thousand tons, gold - 215-235 thousand ounces, molybdenum - 4:7. The company's shares fell by 4.8% in London trading. Over the past 12 months, its capitalization has almost doubled (by 94%), while the FTSE 100 stock index has gained 20%. Antofagasta owns several copper deposits in Chile, where gold and molybdenum are also mined.
